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Banking’s era of turmoil is over. What comes next should worry us all

Outgoing ANZ boss Shayne Elliott says ANZ is a safer, better bank than when he started a decade ago. But he admits safer banks are not necessarily better for the country.

It will take the best part of a decade to fully judge the Shayne Elliott era at ANZ. His final profit result, released on Thursday, underscores how much unfinished business he will leave when he hands the keys to Nuno Matos on Monday.

The integration of Elliott’s signature acquisition, the protracted $4 billion takeover of Suncorp’s banking division, hasn’t really started yet.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com

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    Original URL: https://www.afr.com/chanticleer/banking-s-era-of-turmoil-is-over-what-comes-next-should-worry-us-all-20250508-p5lxii